Are you a salaried employee or do you work for yourself?
Taxing my brainsays: 29 June 2015 at 9:36
Yes, I have been a salaried employee.
I have also actively searched for jobs hoping that my designation with the professional body would result in good job prospects.
TaxTimsays: 29 June 2015 at 11:44
Unfortunately as a salaried employee you will not be able to claim this professional contribution as it is not allowed as per the tax act.
Taxing my brainsays: 29 June 2015 at 11:59
I would like to add that I personally paid my membership fees and not my employer. Does this change the tax position? Also can you please quote the section of the tax Act which prohibits a salaried employee from obtaining a deduction? That will be much appreciated!
TaxTimsays: 29 June 2015 at 14:27
Your employer paying for it would actually be better because then you are not taxed on it and they claim a deduction.
However salaried employees are limited to deductions under s23(m) of the tax act which does not include these type of expenditures.
Taxing my brainsays: 29 June 2015 at 15:22
TaxTimsays: 29 June 2015 at 15:53
Glad we could assist!
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